Canberra Domain Editor

Flemington Road sites sold for almost $16 million on Wednesday, including these three multi-use blocks. Photo: Supplied

The ACT government has sold the final blocks of land in the Flemington Road precinct for almost $16 million.

There were 31 registered bidders for the four blocks of land, which included three mixed-use residential opportunities and a community site.

The largest block of land to sell was an almost 12,000-square-metre mixed-use site for between 72 and 155 dwellings in Harrison. The block sold for $6.7 million.

The final blocks along Flemington Road were sold on Wednesday for $16 million. Photo: Graham Tidy

A 5574-square-metre block for between 34 and 73 dwellings and mixed uses in Franklin sold for $3.35 million.

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And a 6221-square-metre site in Franklin for 38 to 81 dwellings sold following spirited bidding for $3.7 million.

The fourth site auctioned was for a community site in Franklin that offered a variety of uses, including childcare, a health facility or an indoor and outdoor recreational facility.

It sold for $2.2 million to Oriental Companion Property, which is understood to be the highest price paid for a childcare site in the ACT. A site for childcare sold for $2.4 million in the Gungahlin town centre in 2012, but that included a residential component.

Company spokesman Tony Pan said he thought the $2.2 million price tag would be worth it given there was a high demand for childcare in Franklin.

He said it was the company’s first childcare site after buying mixed-use land at the Amaroo Group Centre and multi-unit development sites and singles blocks in Lawson.

Mr Pan is looking to engage a local architect to design the first of what could be a franchise of fun “Disney-style” centres he is planning. “We want to create something good for the community,” he said.

Land Development Agency chief executive David Dawes said the $15.95 million earned from the auctions was a good result for the territory.

“It does show that parts of the ACT economy are still confident and quite bullish,” he said. “It shows there is still strength in the market, which is a positive for Canberra.”

Mr Dawes said the proposed light rail project, which is to cover Flemington Road, would have attracted developers.

He said the government had been selling sites along Flemington Road for the past seven years.

The LDA says 32 sites on the road have been sold for more than $91 million, including the auction result on Wednesday.

Raine and Horne Commercial Canberra director Mark Terracini said the land was the last to be sold in the Flemington Road precinct.

He said most of the interest at the auction had been for the community site, as it had permitted a wide range of uses.

Mr Terracini said as well as the blocks being good pieces of land, the recent talk of light rail also proved an attraction.

“That can only be good for long-term planning in the area,” he said. “It was a good result for the ACT government.”

Three mixed-use sites in Franklin along Flemington Road sold for almost $9 million at auction in March.